Neoliberalism has been found wanting — at least by the "99 percent" and a growing army of economists — so what is to take its place? Karl Marx says something other than capitalism. David Sainsbury, a former British Labour minister, and Geoff Mulgan, Tony Blair's director of policy, disagree. Each outlines a "new" capitalism with its sharper teeth blunted, avarice expunged, fairness and social justice imprinted on its soul and innovation and entrepreneurship providing the rocket fuel. So what's not to like?
Progressive Capitalism, by David Sainsbury. Biteback, 2013, 256 pp., ￡20 (hardcover)
The Locust and the Bee, by Geoff Mulgan. Princeton University Press, 2013, 344 pp., $29.95 (hardcover)
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